According to @caprioleio, Capriole’s Bitcoin (BTC) on-chain quant strategy “Node” reportedly achieved 40x the returns of buy-and-hold in backtests. Source: @caprioleio on X, Sep 10, 2025. It stacks multiple Bitcoin on-chain fundamental metrics to generate long, short, and cash positioning signals via a classic quantitative approach. Source: @caprioleio on X, Sep 10, 2025. The strategy also claims 25% lower maximum drawdown than Bitcoin and a 1.7 Sharpe ratio in testing. Source: @caprioleio on X, Sep 10, 2025. Node signals and details are available on Capriole’s charts page for BTC. Source: Capriole charts, Node-BTC page.